24
Aug
12:29
German scrap prices dip in August
Scrap prices in August’s contracts in Germany have seen dips of up to €5.6/t ($6.5) maximum, but this could be only the first hint of a deeper slide to come, Kallanish notes.
The slip was largely unforeseen in July, given higher prices for US scrap sales to Turkey and apparently limited deep-sea volumes which would have normally pushed prices higher. But even then, sources had suggested that the current unpredictable political situation makes the bigg…
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Anonymous
Very good overview of the weekly steel market.
Anonymous